Working Paper

Public infrastructure and regional economic development: a simultaneous equations approach

Abstract: A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.

Keywords: Infrastructure (Economics); Regional economics; Income;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1989

Number: 8909